Happy Friday lads and ladettes!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles24):
Gold: $2373.60
Oil (WTI): $79.64
US 10Y Treasury: 4.485%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! The $wrsETH Looping Hook is now available on @InitCapital_!
“With the $wrsETH Looping Hook, users can earn up to 5x of the rewards as follows:
-10x Kelp Miles
-5x Blast Gold
-5x EigenLayer Points
-5x INIT Points, with a further 1.5x multiplier from using the Hook on INIT!”
Once again, Init is an extremely cool new project on Blast and Mantle building some absolutely gigabrain stuff and if you are a hardcore defi enthusiast and haven’t heard of them we highly encourage you to check out this thread for all the details!
We are going to be helping spread the word about everything they have been building, so make sure to learn more about the above announcement via the embedded thread, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green today. Top 60 chains up at least 10% on the daily include Mantle (#23), TON (#24), and BOB (#59).
Protocols are quite green today as well. Protocols with at least $20M TVL up at least 20% on the daily include UwU Lend, Railgun, and STON(dot)fi.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$SOL chart looking quite interesting… Are manlets about to stage their next leg up? Express your view on it via spot or leverage and get access to 30+ other perps and spot markets at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @unruggable_io. Twitter bio states “Unrugabble is a privacy focused soft and hard wallet, designed specifically for Solana and Bitcoin, that protects users from the most common rugs.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Something new called @TryVenice that is apparently connected to @ErikVoorhees. Twitter bio states “Private, Permissionless AI”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Bonzo_fi. Twitter bio states “Home of the first rebasing token on @Berachain. Experiment to earn Berachain yield and airdrops.” Followed by 5 of our mutuals. h/t @AresLabs-xyz:
-New project called @sweepr_fi. Twitter bio states “An NFT Liquidity Flywheel || COMING SOON TO A FLOOR NEAR YOU! 🧹🫵”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (an other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-ETH Mainnet gas fees at historic lows, h/t @mhonkasalo:
-Pantera Capital makes huge investment into $TON:
-Potential plans from @ethena_labs are generating lots of discussion, h/t @0xAllen_ and @MacroMate8:
-Recap on current outperformers, h/t @DeFiMinty:
-News headlines from @0xSalazar:
-More news headlines from @alpha_pls:
-@Blast_L2 update from @Tyler_Did_It:
-New article from Vitalik is generating attention, h/t @WuBlockchain:
-Excitement for the anticipated @sanctumso airdrop is heating up, much strategy + thoughts on it below from @info_insightful:
-Stock buybacks hitting record numbers in tradfi-land, h/t @charliebilello:
-Insights on the two-year anniversary of the Luna/UST collapse, from @Flowslikeosmo:
-New weekly roll-up video from @BanklessHQ going over several dozen of the top stories in crypto:
-Interesting new video from a16z discussing many things AI-related relevant to crypto + macro:
-Newest video on all things airdrop-related from @KryptoCove:
-Parting wisdom c/o @wronguser000:
Conclusion
Happy Friday and stay alert out there good frogs!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.